Rivian Automotive, Inc. (RIVN) shares are on the rise after the electric vehicle maker signed a long-term power purchase agreement (PPA) with RWE, securing renewable energy from a wind farm in West Texas. The deal underscores Rivian’s commitment to sustainable operations and a carbon-free future.
Rivian Automotive’s stock is gaining momentum on Monday, potentially fueled by the Biden administration’s proposed ban on Chinese-made vehicles. The ban could significantly impact the EV market, benefitting Rivian by limiting competition and lowering borrowing costs.
Rivian Automotive shares are trading higher on Monday, likely boosted by Canada’s new tariffs on Chinese electric vehicles. Despite a fire at its manufacturing plant in Normal, Illinois, the company’s stock is seeing positive movement.
